The S&P 500 Index ($SPX) (SPY) today is down -0.80%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.83%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.98%. June E-mini S&P futures (ESM26) are down -0.84%, and June E-mini Nasdaq futures (NQM26) are down -0.98%.
Stocks are moving lower today as the war in Iran drags on for a twenty-fifth day. WTI crude oil is up more than +4% today, and the 10-year T-note yield is up +6 bp to 4.40%. Renewed tensions risks are keeping oil prices elevated as Iran launched missile and drone strikes today on several cities in Israel, as well as US bases in the Middle East. Saudi Arabia said it intercepted a drone in its eastern region, and Kuwait said some power lines were knocked out of service after an Iranian attack.
